Everence Capital Management Inc. Acquires Shares of 6,790 Virtu Financial, Inc. (NASDAQ:VIRT)

Everence Capital Management Inc. acquired a new stake in Virtu Financial, Inc. (NASDAQ:VIRT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,790 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other large investors also recently bought and sold shares of VIRT. Renaissance Technologies LLC boosted its stake in shares of Virtu Financial by 3.5% during the second quarter. Renaissance Technologies LLC now owns 3,643,686 shares of the financial services provider’s stock worth $81,801,000 after buying an additional 124,563 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Virtu Financial by 39.2% during the second quarter. Bank of New York Mellon Corp now owns 1,215,833 shares of the financial services provider’s stock worth $27,295,000 after buying an additional 342,327 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Virtu Financial by 1.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 799,623 shares of the financial services provider’s stock worth $16,408,000 after buying an additional 7,721 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Virtu Financial by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 745,437 shares of the financial services provider’s stock worth $15,296,000 after buying an additional 9,826 shares during the period. Finally, Old West Investment Management LLC boosted its stake in shares of Virtu Financial by 4.3% during the second quarter. Old West Investment Management LLC now owns 681,441 shares of the financial services provider’s stock worth $15,298,000 after buying an additional 28,199 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Trading Up 0.1 %

Shares of Virtu Financial stock opened at $32.78 on Wednesday. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $33.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. The stock has a market cap of $5.15 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.53 and a beta of 0.38. The company has a 50-day moving average of $31.30 and a two-hundred day moving average of $26.33.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a $0.24 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.93%. Virtu Financial’s dividend payout ratio (DPR) is presently 67.13%.

Insider Buying and Selling at Virtu Financial

In other news, Director Virginia Gambale sold 5,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 24,122 shares of the company’s stock, valued at $658,530.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on VIRT. Citigroup increased their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. UBS Group raised their price objective on shares of Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Piper Sandler raised their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Bank of America reduced their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.50.

Virtu Financial Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.